The forecast for the import of medical, surgical, or laboratory sterilizers to the Philippines shows a consistent decline from 2024 to 2028. In 2023, the volume stood at 123.56 thousand kilograms. The year-on-year variations show decreases of 4.52% from 2024 to 2025, 4.63% from 2025 to 2026, 4.76% from 2026 to 2027, and 4.91% from 2027 to 2028. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 indicates an average annual decline of approximately 4.70%.
Looking forward, it will be crucial to monitor factors such as advancements in sterilization technology, changes in healthcare infrastructure, and potential shifts in trade policies. Additionally, fluctuations in global demand and supply chains could further influence import volumes.
